The US dollar remained near a nearly two-week high on Friday and appears set for its strongest weekly performance since November.
According to sources, the dollar index stood at 97.961, close to its highest level since January 23, marking an approximate one percent gain on a weekly basis.
The euro traded at $1.1784 as the European Central Bank kept interest rates unchanged. The pound fell to $1.3520, down about one percent from the previous session. The Japanese yen strengthened slightly to 156.74, although investors remain jittery ahead of upcoming elections.
Meanwhile, gold and silver experienced sharp volatility. Silver fell three percent, moving toward an 18 percent weekly decline. The cryptocurrency market also remained under pressure, with Bitcoin trading at $63,273, near its lowest levels since October 2024.
